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house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would forc
with the big debt talk. congressional leadering returning to the table this morning, after the grand bargain broke down last saturday and a tense 75-minute meeting last night failed to move negotiations forward. at 11:00 this morning, the president will hold a news conference to press publicly for his big deal. yesterday, his top economic adviser said the u.s. is out of options. >> we make 80 million checks a month to americans, 55 million people on social security benefits, millions more americans on veterans benefits, medicare, medicaid. people who supply our troops in combat. on august 2nd, we're left with cash on hand and the cash we take in. there is no credible way to give congress more time. there's no constitutional option, there's no delay option, there's no creative financial option. they have to act by the 2nd. >> no constitutional option, 14th amendment, off the table. here's what we know, debt talks appear to be at an impasse and here's why. the president is still pushing a big deal. democrats say the fallback plan, this $2 trillion plus package that was partially negotiated in
. and carney saying that tomorrow is a big day and everybody has to either come to an assessment that we can do a significant deal and they were talking of course of the $4 trillion deal until the republicans pulled the plug on that last weekend, and they have to come in friday, and friday is shaping up to be something of a deadline, and meanwhile, tim geithner, the treasury secretary up on the hill behind closed doors talking about the senators of a doom and gloom scenario is nothing is done by august 2nd, and the united states has to begin to default as carney and other white house officials call it hypothetical and insists that the country will not default and some arrangement will be made, but it is not clear what the path of the arrangement may be before august 2nd, tamron. >> and what about the report that the president was mulling over a bipartisan meeting at camp david and there is a quote at nancy pelosi saying it is not a good idea many her opinion, because the rsvps have not been released as politico pointed out, but what is story here? >> well, everybody is backing away from somethi
, hi, there, thomas. it seemed like forget hope for getting a big deal done in the arena of $4 tril john lion in tt decade was dwindling, but republicans would not accept a deal that big and they wanted $2 trillion over the next decade, but as you mentioned president obama came out today swinging, upping the ante saying he does indeed want a big deal done and if not now, when? and he essentially tried to assume the position of the adult in the room calling on the lawmakers to rip off the band-aids and eat the peas and call to action for democrats and republicans and calling the democrats to come to the table for entitlement reforms, and the republicans for rolling back the tax breaks for wealthy americans and big corporations, and it seemed like at the last of last week, the president and the speaker boehner may have been moving in the same direction, but then speaker boehner said we cannot support anything that looks like a tax increase. and so the president addressed that in his conversation today, and he said that any tax brea increases would not take effect immediately. >> when
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
's right. you know, the big point of contention yesterday was with house majority leader eric cantor pushing for this short-term deal or a series of short-term deals. the president, according to democratic sources familiar with the talks, made it clear that that is something he does not support and something he would veto. the president has, for the last few days, and certainly weeks as well, been pushing for the biggest deal possible where it it seemed to get some support. of late, it has not. the president believing if you start talking about the short-term deals, you run into the political season where you negotiate the things all over again. if you can't get this done now, how will you get this done in the thick of the political season? tense discussions yesterday. the president agitated and believing that republicans are using the debt talks to make political points. the president making the point, according to those inside the meeting, that this kind of atmosphere just confirms some of the worst fears that americans have about the way washington works. >> well, yeah. the way wa
-rock and a hard place. the big economic news, the bad economic news i should say is also deadly, deadly for american liberalism. the facts say that massive government spending hasn't worked to stimulate the american economy and that the liberal vision of american economics has failed. most of president obama's economic advisors have left the building, they are gone and there are few replacements and no clear cut plan to improve the economy coming out of the white house. some liberal commentators are bordering on desperate because they know a tax increase will not be forthcoming. >> they are paying the lowest taxes in 50 years. more than 50 years. more than my lifetime and they are still complaining. some aren't. there are good business people who know this game of chicken in particular is deadly and wrong and hostage taking and you shouldn't negotiate with hostage takers. >> i agree it is terrorism. >> bill: republicans have been on a nonstop mission to murder the american dream by protecting only the rich. >> bill: a new poll today has the president's job approval rating at 47%. 52% di
. there are a lot of breaking details regarding the dates and there could be a big face injected into it as well. we'll tell you about it shortly. big blowup in washington that everybody is talking about. >> clayton in for brian today. good to have you. headlines for you first. there are no leads this morning on who is responsible for a deadly triple bombing in mumbai, india that killed 17 people. the simultaneous bombings in three separate neighborhoods described as a coordinated terror attack. 131 other people are hurt. 23 critically. investigators believe it may be revenge for police pressure on home grown terrorists. this morning, four people are dead after a homicide bomber attacked a memorial service for the half brother of afghanistan president hamid karzai. 15 others were hurt in this attack on a kandahar mosque. wally karzai was assassinated on tuesday. he was shot at close range, apparently by a confidant. the taliban has claimed responsibility for his murder. thousands paid their respects for an 8-year-old boy murdered in his brooklyn, new york, neighborhood. he went missing monday on his
warned failing to reach a deal would be catastrophic. >> we need to do something very big, very substantial to bring our long-term deficits down. >> arizona congressman is the co-chairman of the house progressive kau sus. thanks for joining us today. i want to play a little bit more sound from the president during his news conference and i want to get your thoughts. >> thank you. >> i do not see a path to a deal if they don't budge, period. if the basic proposition is it's my way or the highway, then we're probably not going to get something done because we've got divided government. >> how did he do? is the president digging in his heels? who do you think will blink first? >> i hope that essential programs that democratics have been supporting that we feel have been the only things that have been talked about, social security, medicare, medicaid that i hope he does dig in his heels. there has to be revenue generation. the tax policies of the republicans have got us into this mess, into this debt there is no job creation going on regardless of those tax cuts. we need jobs that's
to a default or to a downgrade. suzanne? >> that's a big deal. alison, it's been really hot. really, really hot this summer. what if your favorite drink disappeared from the stores. here's what is happening in minnesota. their budget crisis might actually turn into a beer emergency for some folks. a beer emergency. because the state has shut down and nobody is there to renew the permits and blue moon, you name them, so, you know, that's what they are dealing with there. you might have to switch to buzz wiser. i don't know what you drink. what do you drink? >> i'll go right to the hard stuff. to tequila. >> oh, geez, that's not supposed to be the solution here. go to the hard stuff. we'll see what happens. we will see what happens. but that's just one of the many things that we're looking at when we talk about this economic crisis that is turning into a beer emergency. alison, don't do that hard stuff. >> all right. okay. >>> here's a reminder to vote for the story you'd like to see. you can cast your vote by texting 22360. text 1 for crack down on china, homemade guns flooding on to the streets
a big misunderstanding. the 18-year-old placed what was feared to be a bomb near the beam structure in chicago's millennium park. it wasn't a bomb. it was two bricks duct taped together with wires hanging out of it, a prop from a sci-fi costume he wore to a convention. he was charged with disorderly conduct. a scare for defense secretary leon panetta. three rockets slammed into baghdad's green zone on day two of his visit there. the secretary is fine and no one else was hurt. panetta flew to baghdad from afghan t afghanistan and he's meeting with leaders there and meeting with u.s. troops. early wake-up call on the shuttle atlantis. >> ♪ i get knocked down i get back up again i get knocked down i get back up again ♪ >> seems like i just heard it on the radio yesterday. waking up to the song and today they will be supplying a supply module on the outside of the international space station using a robotic arm and they'll prepare for a space walk tomorrow. meantime, nasa keeping a close eye on some space degree that could come dangerously close to the space station. the duke and d
supporting the money people. all those are the owners of the big corporation and moving away from this country and taken to places where they don't pay no taxes. they pay lower salary. nothing for the working people. they take their jobs and put the food on the table of the other country. we have to stop that. we have to stop that. we have to get rid of that bunch of bandits out there. host: all right. we've got the point. remind our viewers coming up grover norquist will be here followed by the chairman of the congressional caucus. representative whip announced wednesday, he'll marshal democratic votes. >> how do you think the presidents are handling the debt talks? caller: i think they are handling it well for the most part. they are not willing to throw the middle class under the bus. right after this conversation you'll have grover norquist. they don't want to negotiate. how do you just default on the country. i don't understand the average american people standing up for them. all they are working for is corporation. i will never understand how so many of them got in. you ca
is as it tops out today, it should start to improve tomorrow. and a big dramatic improvement for the rest of the week. we have a head advisory. code orange air quality. heat advisory with the values up to 105. we will go for temperatures today that may tie a record high that may get lost in the mix. but we are looking at an isolated chance of thunderstorms disspied the wide spret outbreak and yesterday into the week -- widespread outbreak and yesterday into the week. a time-lapse i got from the naval academy. look at the clouds racing across the sky. partly to mostly cloudy skies. not much in the way of moisture around the region a little ground clutter. but there could be a burst of a surge around the chesapeake in the next hour or two. an isolated shower and temperatures near 80 and we are going for 97 tying a record high feeling like 105. it will get better and we will talk about that next. let's do traffic with tonya. >> reporter: good morning. 95 south of the city between the beltways we have some volume but no major delays. that's always good news. looking at the jfx at northern par
>>> welcome back. i'montessa brewer back in the saddle covering the big news coast to coast. we begin with breaking news. the judge in the roger clemens perjury trial has just declared a mistrial. nbc's pete williams is in washington, d.c. what's the judge saying about this trial, pete? >> reporter: well, the judge has said he'll decide at a hearing on september 2nd, almost two months from now, where we go from here. this trial had just started yesterday with opening statements from both sides and the prosecutors had begun calling witnesses, but the judge had told the prosecutors in advance that certain evidence was off-limits and one of the things that was off-limits was related to testimony by a friend and former teammate of roger clemens named andy pettitte who had played with him on two major league teams. andy pettitte has said that roger clemens told him he used human growth hormone. clemens says that pettitte is mistaken. what's at issue here is a legal document, sort of sworn statement by the wife of andy pettitte, who says yeah, i heard my husband tell me that roger tol
old. what are your hopes for the future? >> there's a big future. there's a deep future. the one that want for. so that is the future where we are all able to freely communicate our hearts and dreams, share information about the world with each other and the historical record is an item that is completely sack sacrosanct. it would never be changed, never be modified, never be deleted, and that we will steer of course away from the victim of he who controls the purses present controls the past. so that is something that is my life long quest to do. and from that, justice flows because most of us have an instinct for justice and most of us are reasonably intelligent. and if we can communicate with each other, organize and not be op pressed and not know what's going on pretty much the rest falls out. in the short term, it is that my staff stop hasling me to tell me to go. >> >> i wish you all the bevs another even more beautiful mission. [applause] >> here is a look at our schedule for this afternoon. next, a discussion with legal scholars on the 2010-2011 supreme court term and wha
bron james, dwyane wade and chris bosch refer to themselves as the big three in honor of how many quarters they play. >> the world of sports met the world of comedy last night in los angeles. seth myers hosted the annual espy awards which honor the best athletic performances of games in the past year. my alma vaughter vcu won the award for best upset for the win over kansas in the ncaa tournament. it was also a big night for the nba's dallas mavericks. they won the espy award for best team, and mavs star dirk know its ski was named best male athlete. >>> in just a few hours the nominees for the 63rd annual prime-time emmys will be announced. nbc's comedies "30 rock" and "the office" both expected to get nods for comedy, actor and actress. the awards will be handed out in los angeles on september 18th. >>> actress mila kunis may have to break her blind date with a marine who asked her out on the internet. sergeant scott moore asked her to join him for the marine corps ball. but she may have to cancel because she's supposed to be filming two movies that month and may not be able to travel. t
this is not a big deal? $800 million of aids has been suspended. >> both sides are working together on a number of things and pakistan is not happy with the pace of delivery of assistance. americans are not happy with the pace of delivery of certain deliverables from pakistan. it happens sometimes. right now because pakistan is a fledgling democracy and everything that happens there hits the media and there's an american domestic political context in which everything becomes an issue because of the way people react to your administration. this has become -- >> the reaction in pakistan to the u.s. decision to suspend at least for now $800 million in promised aid, a spokesman for the pakistani military saying in the past, we have not been dependent -- we have not been dependent on any external support for these operations. and they will. >> in 1999 there was no aid relationship. even though the u.s. and pakistan continued to work together albeit in a limited manner. it's not a good idea. it insults the people of pakistan. >> $800 million is a lot of money that can be used to build schools here in
, adding jobs, and creating new opportunities. we are not seeing that, in part, because of the big overhang of foreclosed homes, which are weighing on prices. it is a vicious circle. people do not want to buy because prices are falling and prices are falling because people do not want to buy. there are a number of things we are doing. we are keeping mortgage rates globe. -- keeping mortgage rates low. this works to try to modify mortgages. i think it is worth looking at that area. one area where more work needs to be done is housing finance. we have not begun to clarify for the market out housing finance will be conducted in the future. another area i suggest he might think about is the overhang of distressed houses. for example, fanny, freddie, and the bank's own about half a million homes right now, which are basically sitting there on the market and which are pressing down prices and reducing appraisals and making the housing market much weaker than it otherwise would be. that is another area to look at. i agree with you that the housing market is, in some sense, the epicenter of the pro
Search Results 0 to 20 of about 21 (some duplicates have been removed)